Omnicom Group Inc. (OMC) To Go Ex-Dividend on March 11th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, March 11th will be given a dividend of 0.80 per share by the business services provider on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th.

Omnicom Group has raised its dividend by an average of 0.0%annually over the last three years. Omnicom Group has a payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $8.95 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 35.8%.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $84.90 on Monday. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 173.27, a PEG ratio of 0.81 and a beta of 0.71. The business has a 50 day moving average price of $77.83 and a 200 day moving average price of $77.05. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. Omnicom Group has a twelve month low of $66.33 and a twelve month high of $89.27.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.During the same period in the prior year, the company earned $2.41 earnings per share. The business’s revenue was up 27.9% compared to the same quarter last year. Research analysts predict that Omnicom Group will post 8.25 earnings per share for the current year.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its position in Omnicom Group by 15.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock valued at $8,831,000 after acquiring an additional 14,368 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Omnicom Group by 18.7% during the third quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock valued at $153,068,000 after acquiring an additional 295,379 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter valued at $870,000. National Pension Service boosted its stake in shares of Omnicom Group by 35.3% in the 3rd quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock valued at $9,063,000 after purchasing an additional 29,014 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Omnicom Group in the 3rd quarter worth about $5,888,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.